**The Three Generations Theory: How Bitcoin Reaches Mass Adoption in 60 Years**, by Alex Svetski
*"Whether Bitcoiners like it or not, large-scale Bitcoin adoption is not coming this decade or next. It’s simply going to take a number of generations to filter into society."*
I've been a believer that Bitcoin's adoption will continue to grow at a pace like (or even a little faster than) the internet. While the numbers of Bitcoin users may grow at that pace, that is not the same as full adoption. As Alex Svetski points out in this piece, we need to *"recognize that Bitcoin is a multi-generational phenomenon. It’s not Google, Apple, Facebook, Twitter, a smartphone, PayPal, Visa, a stock or a mere commodity. It’s so much bigger than all of these combined and, because of how fundamentally significant this is, it will take people* ***time*** *to adopt it."*
Bitcoin is not only an new technology, like the internet, which people merely needed to adopt; it's *money* which affects us physically, mentally, emotionally, and even spiritually. The internet is allowing information to be stored and transfered freely (and it still has a long way to go). This is vital, but data is cheap, and can be easily copied, so the process of adapting to informational freedom is trivial. But Bitcoin is allowing *value* to be stored and transfered freely, so it affects everything far more than the internet ever could, and requires us to fully change ourselves to ever really adopt it. Because of that, *full* adoption -- with a widespread Bitcoiner mindset of low time preference, integrity, humility, truth-seeking, etc -- will take *generations* to be fully realized, not years.
*"Our generation has bestowed upon us both the gift of being the founding fathers of a new world, and the curse of enduring clown world for this privilege. While we may not get to really enjoy the fruits of this labor, we will have been the generation that goes down in the history books as the one that changed it all.*
*I don’t know about you, but that’s a trade off worth making."* -Alex Svetski
That trade off is absolutely worth it to me. That's why I'm a Bitcoiner.
#Education #Bitcoin
https://bitcoinmagazine.com/culture/bitcoin-reaches-mass-adoption-in-60-years
janiak / Janiak 💜⚡️
npub19e…qv8yt
2023-03-23 13:54:58
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npub19e4jd5ts267semq27as835yyer7es3ak3x32v8kk37rx7ulqz47q9qv8ytPublished at
2023-03-23 13:54:58Event JSON
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"content": "**The Three Generations Theory: How Bitcoin Reaches Mass Adoption in 60 Years**, by Alex Svetski\n\n*\"Whether Bitcoiners like it or not, large-scale Bitcoin adoption is not coming this decade or next. It’s simply going to take a number of generations to filter into society.\"*\n\nI've been a believer that Bitcoin's adoption will continue to grow at a pace like (or even a little faster than) the internet. While the numbers of Bitcoin users may grow at that pace, that is not the same as full adoption. As Alex Svetski points out in this piece, we need to *\"recognize that Bitcoin is a multi-generational phenomenon. It’s not Google, Apple, Facebook, Twitter, a smartphone, PayPal, Visa, a stock or a mere commodity. It’s so much bigger than all of these combined and, because of how fundamentally significant this is, it will take people* ***time*** *to adopt it.\"*\n\nBitcoin is not only an new technology, like the internet, which people merely needed to adopt; it's *money* which affects us physically, mentally, emotionally, and even spiritually. The internet is allowing information to be stored and transfered freely (and it still has a long way to go). This is vital, but data is cheap, and can be easily copied, so the process of adapting to informational freedom is trivial. But Bitcoin is allowing *value* to be stored and transfered freely, so it affects everything far more than the internet ever could, and requires us to fully change ourselves to ever really adopt it. Because of that, *full* adoption -- with a widespread Bitcoiner mindset of low time preference, integrity, humility, truth-seeking, etc -- will take *generations* to be fully realized, not years.\n\n*\"Our generation has bestowed upon us both the gift of being the founding fathers of a new world, and the curse of enduring clown world for this privilege. While we may not get to really enjoy the fruits of this labor, we will have been the generation that goes down in the history books as the one that changed it all.*\n\n*I don’t know about you, but that’s a trade off worth making.\"* -Alex Svetski\n\nThat trade off is absolutely worth it to me. That's why I'm a Bitcoiner.\n\n#Education #Bitcoin\n\nhttps://bitcoinmagazine.com/culture/bitcoin-reaches-mass-adoption-in-60-years",
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